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Stocks still under pressure despite moderation of the bond yield moves. Weakness in AI cloud provider Coreweave (CRWV) seems to be part of the problem, stock is down sharply today, and from 90 to 65 in the last week or so. Its bonds are also doing very poorly.

14/10/26, 3:59 pm0 reposts4 likes

Mill Street Research

@millstreetresearch.com

The company is losing money and is not projected to turn profitable until 2028 (on non-GAAP earnings), but still has a $37B market cap and is one of the leading "neocloud" companies serving AI companies. Analysts have been mostly cutting EPS estimates all year.